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The Law Offices of Frank R. Cruz Announces Investigation on Behalf of Baxter International Inc. Investors (BAX)

January 15, 2020 GMT

LOS ANGELES--(BUSINESS WIRE)--Jan 15, 2020--

The Law Offices of Frank R. Cruz announces an investigation on behalf of Baxter International Inc. (“Baxter” or the “Company”) (NYSE: BAX ) investors concerning the Company and its officers’ possible violations of federal securities laws.

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On October 24, 2019, the Company disclosed certain misstatements in Baxter’s non-operating income for fiscal years 2014 through 2018 related to net foreign exchange gains. Baxter also disclosed that it began an investigation regarding “certain intra-company transactions undertaken for the purpose of generating foreign exchange gains or losses,” which had used a foreign exchange rate convention that was “not in accordance with generally accepted accounting principles and enabled intra-company transactions to be undertaken after the related exchange rates were already known.”

On this news, Baxter’s share price fell sharply during intraday trading on October 24, 2019, thereby injuring investors.

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If you purchased Baxter securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200115005789/en/

CONTACT: The Law Offices of Frank R. Cruz, Los Angeles

Frank R. Cruz, 310-914-5007

fcruz@frankcruzlaw.com

www.frankcruzlaw.com 

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES

SOURCE: The Law Offices of Frank R. Cruz

Copyright Business Wire 2020.

PUB: 01/15/2020 02:48 PM/DISC: 01/15/2020 02:48 PM

http://www.businesswire.com/news/home/20200115005789/en